Reliance Industries, which today briefly became the most valued Indian company, fell over 1 per cent to drag benchmark indices lower. Eicher Motors, Coal India, Tata Steel, Ambuja Cements were the other big losers in the Nifty falling 1.5-2.3 per cent.
Among sectors, metal was the biggest loser with Nifty Metal sub-index falling 1.3 per cent. Energy and pharma were the other big losers in the market.
Meanwhile, midcap and smallcap shares also succumbed to profit booking. The BSE Midcap and smallcap indices were down 0.36 per cent and 0.31 per cent respectively.
As of 3 pm, Nifty was down 33 points or 0.36 per cent at 9,106 and Sensex traded 0.31 per cent lower at 29,319.95.